· Ssangyong Motor intends to enter the US market in 2020 and consider producing in China

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On March 9th, Cui Zhongzhi, president of Ssangyong Motor Co., said on the 9th that the company plans to enter the US market on the occasion of the SIV-2 concept car market, which is expected to be in late 2019 or early 2020. The company is also considering producing cars in China.
Among the Korea FTA partner countries, the United States is the only country that Ssangyong Motor has not entered. In the United States, competition among automakers is fierce, and the consumer protection system is complete, so rushing into the market without adequate preparation may result in huge losses. Cui Zhongzhi said that he is very clear that the United States is not a simple market, so it is planned to enter the US market after 3-4 years of preparation.
In the discussion on the joint production of automobiles with local companies in China, Cui Zhongzhi said that it is not easy to build factories in the local area. The company is considering using Chinese facilities to produce and sell cars. The company's primary goal this year is to turn losses into profits, with a sales target of 160,000 units.

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